The low market price of the new flats at the Ocean Station can be said to have stirred up a thousand waves. Apart from the second-hand flats in Yau Tong and East Kowloon, other new flats in Kowloon have to follow suit and sell their flats at reduced prices.

Henderson Land (012) Tai Kok Tsui existing property project Leo Place‧Kai Shing's newly revised price list shows that for the 5-unit units to be put up for sale this Saturday, a maximum discount of 28% will be introduced, and taking into account of the cash rebate, the discount will be extended to 65% in disguise, and the admission fee will be reduced to about $4.08 million, which is equal to the "two goals".

The aforesaid 5-unit units with saleable area ranging from 197 to 278 sq.ft. are open-plan and 1-bedroom flats, with price list price ranging from $6,233,000 to $8,686,000, and sq.ft. price ranging from $30,824 to $31,858. After discounting the maximum 28% and cash rebate, the discounted price is about $4,080,000 to $5,870,000, and the sq.ft. price is about $20,700 to $21,000 per sq.ft.

The most affordable flat is Unit D on 19th Floor of Block 1, with a saleable area of 197 sq ft, open-plan with a south-facing view, and a price list price of $6,233,000, or about $4,488,000 after discounting the maximum 28% discount for 180-day transactions.

In addition, the buyer also enjoys a number of additional cash rebates, equivalent to a total of 9% of the property price, including "interest subsidy cash rebate", "furniture subsidy cash rebate" and "early transaction cash rebate", the actual transaction price is only about $4.08 million, at about $20,700 per square foot.

For example, for the past transaction of Leo Place‧Kai Wan, Unit D on the 21st floor of Block 1 with the same area was priced at $6.32 million when the price list was announced in July 2019, and after deducting the maximum 5% discount, it was sold at $6.004 million at $30,477 per sq ft in August.

From this, it can be seen that the mini-sized units launched by Leo Place this time are sold at a flat price of nearly $2 million compared with the previous similar units, representing a reduction of more than 30%.